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Latest Stock Market Updates

Blue Owl Scores Massive Profit Selling Half Its SpaceX Stake

Key Points: Blue Owl sold exactly half of its SpaceX shares at a $1.25 trillion valuation. The alternative asset manager secured a massive 10 times return on its original investment. SpaceX plans to launch a record-breaking public stock offering later this year to raise $75 billion. The upcoming public listing could elevate SpaceX founder Elon Musk to the status of the world's first trillionaire. New...

Amazon Cloud Sales Beat Expectations but Shares Drop Amid Intense Competition

Key Points: Amazon Web Services revenue jumped 28% to reach $37.6 billion during the first quarter of the year. The technology giant spent $44.20 billion on capital projects to support growing demand for artificial intelligence. Amazon stock dipped 3.7% after rival Google reported a massive 63% increase in sales in its cloud division. Advertising sales grew 24% to hit $17.2 billion as the company placed...

Qualcomm Shares Surge 13% Despite Weak Outlook for Third Quarter

Key Points: Qualcomm beat Wall Street estimates with $10.59 billion in second-quarter revenue and $2.65 in earnings per share. The company expects third-quarter revenue between $9.2 billion and $10 billion, missing the $10.23 billion analyst target. Global smartphone shipments dropped 4.1% to 289.7 million units in the first quarter of 2026. Chief Executive Officer Cristiano Amon will reveal a new data center strategy at the...